3309 Drysdale Ct
Edwardsville, IL 62025
$SPX - Chart Link- got the expected bounce as
mapped - NOW let's see how things unfold come Tuesday. Keep
an open mind and trade what's in front of you.
Robert Miner's Saying: "Trade don't Forecast"
Have a nice weekend everyone.
Bingo on 2954
Lately we've seen late buying on Friday afternoons - maybe ES
2954 can be tagged
Take note - the alarms ARE not a trigger they are simply a point
of reference and delayed data.
Trade your plan if shorting those stocks - don't worry about
what others are doing. AMZN and NFLX did not gap down today
and thus provided more objective entries. On FB watch 60
minute for double top or divergent high - if that prompts selling
or not into next week.
$SPX - Chart Link
$SPX - Chart Link- here is one path that I will
be monitoring into next week. Let's see how the market acts
into today's close as well.
larger time frame view
IOVA - Chart Link
OMI - Chart Link - evening star pattern
played out as mentioned last night
$SPX - Chart Link- bust down on bear flag - now
have 5 small waves down on SPX cash
NQ Globex Range 9241.50-9408
Several traders likely out for Holiday Weekend leading to
thinner trading and larger gyrations
Got up early today (3:45 am) to cover a few hedges (and
overnight on ES ) - very volatile Globex Session
ES has bounced back to just above 50% Fib retrace
ES Globex Range 2903.75-2952.50
Not liking labeling a wave d that is above a wave b - instead
looks like a 5th wave completion of some degree following that abc
(4th wave). Not yet confirmed
SPX 2980 likely some degree of top - hedging today as a start
would add to hedges on reflex move higher and cover on stronger
Reminder: Holiday Weekend Upcoming with Markets Closed on Monday
for Memorial Day
JO - Chart Link - bear flag broke down
That's a reasonable target - I simply track the intraday chart
action and don't get consumed with targets. At this stage of
the market advance (with divergences showing) I tend to take
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